Tag: global

“Boeing expects single-aisle planes, such as its 737 MAX, to account for 84 percent of global planemakers’ new jet deliveries to India from 2018-2037, higher than the global average” reports businessinsider.com. “India sees dramatic fares and discounts and that is going to hurt airlines more and more,” Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes, told reporters on Wednesday.India is one of the world’s fastest-growing aviation markets, with domestic passenger traffic growing at around 20 percent in recent years, and Boeing expects it to…

“The global pay gap between men and women will take 202 years to close, because it is so vast and the pace of change so slow, according to the World Economic Forum” writes Rupert Neate for theguardian.com. The WEF, which organises the annual meeting of business and political leaders in Davos, said the global gender pay gap has narrowed slightly over the past year, but the number of women in the professional workplace has fallen. Source: theguardian.com Share This:

“Oil prices have had a rollercoaster couple of years, so a surge or sudden drop in the price of crude could pose problems for the world economy” writes Nils Pratley Financial for theguardian.com. Added into the mix is the risk that Trump’s trade war with China could escalate with damaging consequences for the world economy.Global growth is forecast to plateau, while some major nations including the US and China are on track to see slower rates of growth.Besides the risks from Brexit, the US-China trade war and the Fed aggressively…

“The roughly two dozen producers began limiting their output last year in order to drain a global crude glut” reports etfdailynews.com. Brent crude, the international benchmark for oil prices, tumbled to a 14-month low below $57 a barrel.Oil prices plunged more than 5 percent to a 15-month low on Tuesday as the United States and Russia continue to pump at record levels even as analysts warn that signs of faltering demand are emerging. Source: etfdailynews.com Share This:

“Beyond the prospect of slowing economic growth, investors are being troubled by a handful of other notable headwinds” writes Joe Ciolli for businessinsider.com. Investors fleeing the stock market are seeking shelter in bonds to an unprecedented degree.Those investors reduced holdings in stocks by 15 percentage points over the same period, according to the data.On a global basis, a record $39 billion was yanked from stocks worldwide over the same period.These developments have pushed the market close to “extreme bearishness,” strategists at BAML wrote in a client note. Source: businessinsider.com Share This:

“The WEF’s annual Global Gender Gap Report compares attitudes towards gender equality around the world” writes Skye Gould for businessinsider.com. It will take more than 200 years for economic gender equality to emerge, and 108 years to completely close the global gender gap across politics, health, education, according to the latest report from the World Economic Forum. Check out the best and worst countries for gender equality, as well as the global averages, below:. Each nation is given a score out of 1, with higher scores indicating a greater level…

“Japan warned the G-20 major economies against focusing narrowly on the trade balance in addressing global imbalances, with its top currency diplomat on Tuesday calling on them to settle trade disputes through a multilateral framework” writes unknown author for cnbc.com. The Group of 20 members must instead explore policy options to fix persistent global imbalances in a multilateral setting, he said.Japan will make tackling global imbalances a priority in deliberations as next year’s G-20 chair, as the topic “fits extremely well with the core mandate of G20,” he said.Rather than…

“Specifically for the oil market, there are no clear signs yet of the market tightening,” he added” writes Midwest Communications Inc for 95kqds.com. Russian oil output has hit a record 11.42 million bpd this month, an industry source familiar with the data told Reuters.Both crude oil benchmarks have shed more than 30 percent since early October due to swelling global inventories.The United States has surpassed Russia and Saudi Arabia as the world’s biggest oil producer, with total crude output climbing to a record 11.7 million bpd.Oil production from seven major…

“Oil prices dropped over 1 percent on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, currently the world’s biggest producer, stoked worries about oversupply” writes unknown author for cnbc.com. With oil prices now falling, unprofitable shale producers will eventually stop operating and cut supply, but that will take some time, analysts said.International benchmark Brent crude oil futures were at $58.90 per barrel at 0340 GMT, down 71 cents, or 1.2 percent, from their last close. Source: cnbc.com…